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RMAFC Seeks Stronger Collaboration With EFCC To Plug Revenue Leakages

by Mark Itsibor
1 year ago
in Business
RMAFC
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Chairman of Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Muhammad Bello Shehu has called for better collaboration with the Economic and Financial Crimes Commission (EFCC) in the areas of revenue leakages and remittance to government and ensure recovery of unremitted revenues to government coffers.

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The chairman made the call when he paid a courtesy visit to the chairman of the EFCC, Mr. Ola Olukoyede in his office in Abuja. Shehu said,” We are calling on EFCC for more collaboration, not only in the area of enforcement but also intelligence gathering and data sharing with respect to government revenue from any source.”

He said the collaboration with the anti-graft agency has served as an impetus to the success recorded in the recovery of some diverted funds. He said a stronger partnership with EFCC would help to address the challenges of unremitted revenue to the federation account. Shehu also sought the assistance of the EFCC in respect of capacity building for the staff of RMAFC, especially in the area of forensic investigation, head of information and public relations, Maryam Umar Yusuf if the commission said in a statement.

The chairman disclosed that his organisation had observed that many revenue generating agencies described as government owned enterprises (GOE) are supposed to generate revenue, spend from it and remit the balance as operating surplus to the consolidated revenue fund.

The chairman recalled the collaboration between RMAFC and EFCC in 2013 when  forensic consultants were engaged to recover unremitted and under-remitted revenues collected or  deducted from the third party by the banks to the Federation Account covering a period of 2008 to 2015, where N74 billion was recovered.

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RMAFC is one of the fourteen (14) Executive Bodies created by S. 153 (1) (n) of the 1999 Constitution (as amended) to ensure the effective and efficient management of the nation’s revenue.

In his remarks, the chairman of EFCC stressed the need for enhanced collaboration between the two organisations to ensure proper management of government revenue. He emphasised that  the country can only move forward when there is  transparency and accountability in the conduct of government  business.

He urged RMAFC to look into the  loopholes in the revenue generation and  mobilisation system that  allows for leakages and emphasised the need for a stakeholder meeting to address the issue.

The EFCC boss expressed optimism that Nigeria will be better if the right steps are taken.  He said, “There are things we have been able to do together within the scopes of our mandate and your mandate as well. Transparency and accountability should be embedded in our public life as a nation. That’s the only way we can move forward.

“One of the things the two agencies are supposed to focus on more now besides recoveries is our systems. There is nothing fundamentally wrong with us as Nigerians but with the system that we run here,  if you bring in the people that make things work in their own countries to our system here, they would be  corrupt.  There is an entrenched system here that encourages people to steal, and it would appear as if nothing would happen. Let’s look at our system of revenue generation, the system that allows leakages in mobilisation and appropriation of funds. If we don’t look at the system, we will continue to chase shadows.

“Let’s get our priorities right. I see no reason why a ministry that has no business with project execution would be awarding contracts. We should look at these areas and scale up our surveillance. In all of these let’s support the President in all his efforts to reposition this country. He relies on you and me and all the people he has put in a position of trust and responsibility.”


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Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

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